Eagle Asset Management Inc. Buys 56,149 Shares of Lloyds Banking Group PLC (LYG)

Eagle Asset Management Inc. raised its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 62.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,815 shares of the financial services provider’s stock after acquiring an additional 56,149 shares during the quarter. Eagle Asset Management Inc.’s holdings in Lloyds Banking Group were worth $527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Lloyds Banking Group by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 215 shares in the last quarter. CAPROCK Group Inc. boosted its position in shares of Lloyds Banking Group by 33.1% in the 2nd quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 7,632 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of Lloyds Banking Group in the 3rd quarter worth $123,000. Advisor Partners LLC boosted its position in shares of Lloyds Banking Group by 107.8% in the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 20,020 shares in the last quarter. Finally, American Asset Management Inc. acquired a new stake in shares of Lloyds Banking Group in the 2nd quarter worth $145,000. 2.12% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Tuesday, September 26th. Credit Suisse Group raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, October 10th. Goldman Sachs Group reissued a “sell” rating on shares of Lloyds Banking Group in a research report on Wednesday. Macquarie cut Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 29th. Finally, UBS restated a “buy” rating on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Seven investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.00.

Lloyds Banking Group PLC (NYSE:LYG) traded down $0.04 during midday trading on Thursday, hitting $3.50. The company’s stock had a trading volume of 2,827,700 shares, compared to its average volume of 5,619,705. The stock has a market cap of $63,686.14, a price-to-earnings ratio of 6.56 and a beta of 0.76. Lloyds Banking Group PLC has a twelve month low of $3.06 and a twelve month high of $3.87. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.38 and a quick ratio of 1.39.

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About Lloyds Banking Group

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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